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Ukraine legalises crypto payments, introduces stricter AML reporting

Ukraine legalises crypto payments, introduces stricter AML reporting

The Ukrainian government has legalised cryptocurrency payments in its latest bid to control economic grey areas. Officials have adopted new legislation which will use international anti-money laundering (AML) best practices in cryptocurrency transactions, essentially legitimising digital assets. The new legislation, pushed through by Ukraine’s legislative arm the Verkhovna Rada, mirrors the intergovernmental Financial Action Task Force’s (FATF) stance on digital assets.




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